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2� 15�7�32
<br /> Any application�f paymen�s, �nsurance pro�eeds, or Misce�laneous Proc�eds�o pr�ncipa�due under the Not�
<br /> shall no�ex�e�d or p�s�p�ne the�.ue date, or change the amoun�, af��e Peri�dic Paym�nts.
<br /> 3. FundS far�5cr�w Iterns. Borrawer sha�i pay to Lender on the day P�r�odic Payments are due under�he
<br /> Note, un�i��he Nate is paid in fu��, a sum��he "Funds"} to provxde for payment of amaun�s due for: ta}�axes
<br /> and assessmen�s and o�her i��nzs whxch can attain priori�y��er�his Security Instrument as a��en or
<br /> encumbrance on�he Property; �b} �eas�hold payments or gr�und ren�s on�he Proper�y, if an�; �c�premiums
<br /> for any and a�� insurance r�qu�red by I�e�.der under Section S; and�d} Mor�gage�nsurance premiums, if an�r,
<br /> �r any suxns payab�e b�Barr�v�rer�o Lender in 1�eu of the payment of Mor�gag��nsurance prem�ums in
<br /> accordance with�he pro�isions of Sec�ion 1 D. These items are ca���d "Escrow Items." At�r�gina�i�n ar a�
<br /> any tin�e dur�ng the term of the I�an, Lender may require�hat��mmunity Assoc�at�an Dues, Fees, and
<br /> Assessmen�s, �f any, be escrowed�y B�rr�wer, and such dues, fees and assessments shall�e an Escrow
<br /> �tern. Borrawer sha�l promp�ly furnish to Lender a��no��ces of amoun�s to be paid under this S�c�ion.
<br /> Borrawer sha��pay Ilender the Funds for Escrow ��ems un�ess Lender waives Barrower's ob��ga�ion ta pay
<br /> �he Funds for any or ail Escrow ��ems. Lender may waive Barrower's o�l�ga��fln to pay�o I..�nder Funds far
<br /> an�or al� �scr�vv ��em� at any time, Any such waiver may on�y be�n writin�. �n the even�of such wa�ver,
<br /> B�rrower shall pay dxrec���r, when and where payable, the amounts due for any Escrovv Items far vvhieh
<br /> paymen�of Funds has b�en wa��ed b� Lender and, if Lender r�quires, sha11 furnish to Lender receipts
<br /> evidencing suc�.paymen�within such�xme per�od as Lender nzay require. Borra�er's ob�i�a�i�n�o ma.ke
<br /> such payments an�i�a pro�id�re�eipts sha�� for a�l purposes be deemed�o be a covenan�and a�r�emen�
<br /> contained�n�his S�cur�ty �ns�rumen�, as�he phrase "�ov�nant and agr�em�nt" i�used in Sec��on 9. �f
<br /> B�rrower���b�xgated to pa�r Escrow ���ms dire�t��, pursuant�o a waiver, and Borrower fa�ls�o pa�fihe
<br /> amount due for an�scra�v I�em, Lender may exere�se�ts righ�s under S�ction 9 and pay su�h amount and
<br /> Borrov�er sha�� then be ob�iga�ed under Se���on 9 to repa�r�� Lend�r any such amount, I.�nder may re�oke
<br /> �h�waiv�r as to any ar a11 E�crow I�em�a�any time b�a no�ice given�n accordan�e with S�etian �S and,
<br /> upon such re�v�cat�on, Barrower shal�pay�o Len�.er aIi Funds, and�n such amounts, that are then requir�d
<br /> under�h�s 5����on 3.
<br /> Lender ma�, at any t�me, callec�and hold Funds �n an amaunt�a} suffici�n�to perm��L�nder�o app�y the
<br /> Fun�s a�the t�me spec�f�ed under RESPA, and �b}not��exc�ed�he ma�imum am�unt a�ender can requir�
<br /> under R�SPA. L.ender sha�I est�matie�he amoun�of Fund�due on the bas�s of current da�a and r�asonable
<br /> es�imates of e�pendi�ures of fu�ure Escrow ��ems or atherw�se�n accordance with Appl�cab�e Law.
<br /> The Funds �ha11�e held�n an�nst�tu�ion whose deposits are insured by a f�dera� a�ency, instrumen�a���y, or
<br /> ent�ty ��nc�udin� Lender, xf I.ender�s an�nst�tu�ion whose dep�sits ar�so insured} or in an� Federal �ome
<br /> Loan Bank. Lender sha�l apply the Funds�o pay�he Escrow �tems no�a�er than th�txme spec�fi�d under
<br /> RESPA. Lender�hall nat charge Borrov�r�r f�r h��d�ng and applying�he Funds, annua���r anal�z�ng the
<br /> escrow accaunt, or�erifying�he Escr�w I�ems, un�ess L�nder pa�s Borrower xnterest on th�Funds and
<br /> App��cable Law permits Lender to make such a char�e. IJn�ess an agr�emen��s made in�vri��ng or
<br /> App�xca���Lav�r requ�re� �n�eres��Q be paid on the Funds y Lender shall not be required to pay�orrower any
<br /> �n�eres�or earn�ngs on�he Funds. Borrawer and Lender can agre��n wri�ing, howe��r, that�nteres�sha�l b�
<br /> paid�n the�unds. L�nder sha�1 give��B�rr�wer, without charg�, an annual accaun�ing of th�Funds as
<br /> requ�red by RESPA.
<br /> If t�er��s a surplus of�unds held in escr�w, as def�ned under RESPA, Lender shall account to Borrower for
<br /> �he excess funds in a�cnrdance v�ri�h RESPA. �f there is a shortage af Funds he�d in escrow, as defined under
<br /> RESPA, Lender shall not�fy Borrower as required�y R�SPA, and B�rr�w�r shal�pay ta Lender�he amoun�
<br /> neces�ary to make up the shar�age in accordance�rith RESPA, bu��n no more�han �2 m�n�hly payxnen�s, If
<br /> �here�s a def�c�en�y of Funds Y�e�d �n escrow, as defined under RESPA, Lender�ha�� n�tify Borrow�r as
<br /> NEBRASKA-Single Famiiy-F�nnie MaelFr�ddie Mac UNIF4RM€NSTRUMENT Forrn 3�28'f1�1
<br /> VMP[� VMPfi�N�}�1302f
<br /> Wvli�rs Kluwer Fir�ar�cial Ser�ices Page 5 a#17
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